Are you also shocked by the price of Bitcoin?
- Thread starter Arko2
- Start date
Bitcoin is controlled by a VERY small group of people, so no it's not shocking to me at all. It could go to a 100 million or zero.
Two major threats are quantum computing (which could easily hack/steal 25% of all Bitcoin) and the Tether timebomb (which will undermine almost everything related to crypto when they get busted). The Tether rabbit hole is extremely deep and dark, but fun to explore.
The reason you don't hear about this much is because most of the crypto news outlets are run by diehard fans of these assets.
Other than that Bitcoin is an asset that has value because people collectively believe and agreed it has value. Just like the US Dollar. Both of them are nothing more than a collection of zeros and ones on a computer (and in case of the dollar an extra piece of paper which is just a fancy IOU).
Two major threats are quantum computing (which could easily hack/steal 25% of all Bitcoin) and the Tether timebomb (which will undermine almost everything related to crypto when they get busted). The Tether rabbit hole is extremely deep and dark, but fun to explore.
The reason you don't hear about this much is because most of the crypto news outlets are run by diehard fans of these assets.
Other than that Bitcoin is an asset that has value because people collectively believe and agreed it has value. Just like the US Dollar. Both of them are nothing more than a collection of zeros and ones on a computer (and in case of the dollar an extra piece of paper which is just a fancy IOU).
Graybeard
Well-Known Member
Well, the US Dollar may be 'fiat' but it is backed by the real assets of the nation. As is any national *fiat* currency or the euro. A settlement currency.
Let's see what happens in a few months? I did miss a speculative opportunity however. I am still waiting for Bitcoin derivative trading. Then it's a NADEX binary bet
The volatility is excellent --what's the price of 'air' today?
Let's see what happens in a few months? I did miss a speculative opportunity however. I am still waiting for Bitcoin derivative trading. Then it's a NADEX binary bet
The volatility is excellent --what's the price of 'air' today?
It didn't nearly shock me. I predicted that the price of bitcoin will rise rapidly in 2021, and I am happy about it. I already have 1.1 bitcoins on my wallet link and I understand that if I sell them, I can use the money to buy a car. in today's world, bitcoin is a good investment, and I advise everyone in the 21st century to start earning just like that. I am sure that you will achieve great success
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Analysts make a prediction that bitcoin will cost more than $ 100k
Only thing that shocks me about Bitcoin is all these people who can't access millions of dollars worth of Bitcoin because they lost a password, seems like a major flaw --> I don't blame people for losing their password, blame the technology (humans are and have always been prone to error)
If I had choice of buying Bitcoin or solid gold bars (in my vault, not someone else's), it's not even remotely close decision, in fact I'd by guns, ammo, dried food, gas, oil or any other physical survival asset over Bitcoin
If I had choice of buying Bitcoin or solid gold bars (in my vault, not someone else's), it's not even remotely close decision, in fact I'd by guns, ammo, dried food, gas, oil or any other physical survival asset over Bitcoin
Its unbelievable, its good idea to buy it now
Graybeard
Well-Known Member
Sprott Physical Gold Trust ETV (PHYS) Stock Price, News, Quote & History - Yahoo Finance
Sprott gold trust
Gold is only worth $1400/troy oz so it's overpriced right now if you ask me --but this is a very liquid gold investment --if you have the gold bug.
Sprott gold trust
Gold is only worth $1400/troy oz so it's overpriced right now if you ask me --but this is a very liquid gold investment --if you have the gold bug.
anthonydrowow
Member
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Graybeard
Well-Known Member
"the greater fool ..." what I see as a possible is that big money or big stakeholders (miners) play pump and dump one day.
Also, there are no market makers or market limits in digital coins.
But so far this has not occurred.
As far as hacking goes, LOL; digital wallets can be breached. Blockchain is very secure but is anonymous to an identifying string.
burzlata66
New Member
I am shocked by the situation that is happening now in the market and the way the price of cryptocurrency is rapidly
Salemardan
Banned
bruh seriously ?
I hope the price will rise eventually
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